Antitrust Institute Slams DOJ Missed Opportunity in Live Nation Settlement
The American Antitrust Institute submitted a letter to the U.S. Department of Justice, Antitrust Division this week regarding its recent enforcement action against Ticketmaster and its parent company Live Nation’s decade-long merger. In the letter, penned by AAI’s president Diana L. Moss, the AAI notes that Live Nation and... Read more
DOJ Announces Filing of Amended Live Nation Consent Decree
The Department of Justice (DOJ) has announced that the Amended Final Judgement extending and modifying Live Nation’s 2010 consent decree has been entered by the court, which also set the procedure an Independent Monitoring Trustee required in the agreement, which is now valid through 2025. “Live Nation broke the... Read more
Despite Multiple Consent Decree Violations, Live Nation Gets Slap on Wrist from DOJ
The Department of Justice detailed six instances where Live Nation violated a 2010 consent decree by using threats to ensure venue clients used Ticketmaster in court filings made public last week. Such threats, which Live Nation has long denied, were the reason for the DOJ’s plans to bring court... Read more
Early Information on Live Nation DOJ Settlement Unclear on Secondary Ticketing
Will the “significant changes” agreed to by Live Nation Entertainment in its settlement over alleged violations of its 2010 consent decree include any change in its secondary ticketing operations? From the details released thus far, it doesn’t look like it. In a press release outlining “the most significant enforcement... Read more
Live Nation Announces DOJ Settlement Extending Consent Decree to 2025
Live Nation has reached a settlement with the Department of Justice that extends a consent decree it agreed to as part of the 2010 merger with Ticketmaster through 2025, according to a statement published on the entertainment giant’s website Thursday afternoon. “We have reached an agreement in principle with... Read more
WSJ: Justice Department Preparing Action Against Live Nation
The Wall Street Journal is reporting that the Department of Justice (DOJ) is preparing to take legal action against Live Nation Entertainment (NYSE: LYV). The action, attributed to anonymous sources familiar with the matter, is based off “allegations the company has sought to strong-arm concert venues into using its... Read more
Assistant AG Confirms Live Nation Antitrust Investigation
At an antitrust enforcement oversight hearing held by the Senate Judiciary Subcommittee on Antitrust, Makan Delrahim, Assistant Attorney General for the Department of Justice Antitrust Division, confirmed that Live Nation (NASDAQ: LYV) is under investigation for alleged anti-competitive behavior and its adherence to a 2010 consent decree. While he... Read more
In an email sent to Pollstar, Live Nation dismissed last week’s call by a pair of senators for a hard look at the company by the Department of Justice (DOJ), accusing competitors of using misinformation related to their business practices and insisting that the DOJ has already been monitoring... Read more
Sens Blumenthol, Klobuchar Urge DOJ Inquiry into Live Nation
U.S. Senators Amy Klobuchar (D-MN) and Richard Blumenthol (D-CT) are urging the Department of Justice to conduct an investigation into the live entertainment industry in a letter to Makan Delrahim, Assistant Attorney General for the Antitrust Division. Their request is based upon reports that Ticketmaster and its parent... Read more
Rep. Bill Pascrell Asks for Dept. of Justice Investigation of Ticketmaster
Rep. Bill Pascrell, who helped spur a Federal Trade Commission (FTC) “workshop” to examining live event ticketing set for spring of 2019, has asked the Department of Justice to investigate Ticketmaster in a letter to Attorney General Jeff Sessions. The letter “highlights Live Nation/Ticketmaster market malfeasance” according to a... Read more